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<ul> 
 <li style="font-weight: 400">Solana (SOL) <a href="https://coinstats.app/coins/solana/">price</a> gained bullish momentum and crossed the $200 resistance against the US Dollar.</li> 
 <li style="font-weight: 400">The price is now trading above $200 and the 100 simple moving average (4 hours).</li> 
 <li style="font-weight: 400">Solana (SOL) is gaining bullish momentum above $200 as the SOL price is still showing positive signs, and it could even surpass the $220 resistance in the near term.</li> 
</ul> 
Solana price remained strong above the $150 level and extended its rally. There was a decent increase above the $165 and $180 levels. 
<figure id="attachment_68389" aria-describedby="caption-attachment-68389" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-68389" src="https://bitcoinworld.co.in/wp-content/uploads/SOL-Price-Chart-16-483x300.png" alt="" width="567" height="352" srcset="https://bitcoinworld.co.in/wp-content/uploads/SOL-Price-Chart-16-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/SOL-Price-Chart-16.png 760w" sizes="(max-width: 567px) 100vw, 567px">
 <figcaption id="caption-attachment-68389" class="wp-caption-text">
 SOL Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
The price is up nearly 20% and there was a move above the $200 level, outperforming Bitcoin and Ethereum.&nbsp; 
A new multi-month high was formed near $204, and the price is now consolidating gains. It is stable above the 23.6% Fib retracement level of the upward move from the $142 swing low to the $204 high. 
There is also a connecting bullish trend line forming with support at $195 on the 4-hour chart of the SOL/USD pair. Solana is now trading above $200 and the 100 simple moving average (4 hours). 
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<h3 id="span-style-font-weight-400-sol-price-span">SOL Price</h3> 
Immediate resistance is near the $205 level. The next major resistance is near the $212 level.&nbsp; 
A successful close above the $212 resistance could set the pace for another major increase. The next key resistance is near $220. Any more gains might send the price toward the $232 level. 
<h3 id="span-style-font-weight-400-are-dips-supported-in-sol-span">Are Dips Supported in SOL?</h3> 
If SOL fails to rally above the $205 resistance, it could start a downside correction. Initial support on the downside is near the $195 level and the trend line. 
The first major support is near the $175 level or the 50% Fib retracement level of the upward move from the $142 swing low to the $204 high, below which the price could test $165.&nbsp; 
If there is a close below the $165 support, the price could decline toward the $150 support or the 100 simple moving average (4 hours) in the near term. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/binance-incubated-platform-nfprompt-suffers-severe-security-breach-token-fell-10/" aria-label="“Binance-incubated Platform NFPrompt Suffers Severe Security Breach, Token Fell 10%” (Edit)">Binance-incubated Platform NFPrompt Suffers Severe Security Breach, Token Fell 10%</a> 
<h3 id="span-style-font-weight-400-technical-indicators-span">Technical Indicators</h3> 
<ul> 
 <li style="font-weight: 400">4-Hours MACD – The MACD for SOL/USD is gaining pace in the bullish zone.</li> 
 <li style="font-weight: 400">4-Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.</li> 
 <li style="font-weight: 400">Major Support Levels – $19, and $175.</li> 
 <li style="font-weight: 400">Major Resistance Levels – $205, $212, and $220.</li> 
</ul> 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
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The post <a href="https://bitcoinworld.co.in/the-price-of-solana-sol-has-crossed-the-200-resistance-whats-next-for-solana/">The Price Of Solana (SOL) Has Crossed The $200 Resistance, What’s Next For Solana?</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

The Price Of Solana (SOL) Has Crossed The $200 Resistance, What’s Next For Solana?

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